That's the end of the session. Thanks for joining us

9/21/2021 11:45 AM Pacific Time

Chapek says that reinstating a divided is far off in the future

9/21/2021 11:45 AM Pacific Time

Chapek sees shortened theatrical windows as a win-win-win   noting a film could be in theatres for Thanksgiving but arrive on streaming for Christmas after a successful run

9/21/2021 11:41 AM Pacific Time

Asked about what lessons they learned from the pandemic, Chapek says "What we've locked in flexibility"

9/21/2021 11:40 AM Pacific Time

In other news, $DIS stock is down 

9/21/2021 11:39 AM Pacific Time

He notes that they wouldn't want to go solo into sports betting but might be interested in partnerships

9/21/2021 11:37 AM Pacific Time

"Our fans are really interested in sports betting...we're interested in sports betting"

9/21/2021 11:36 AM Pacific Time

Question about licensing ESPN brand for sports betting

9/21/2021 11:36 AM Pacific Time

Sports are still a big part of Disney's business and offerings

9/21/2021 11:35 AM Pacific Time

Chapek says they're happy with the streaming strategy right now (including having ads on Hulu but not D+) but they're flexible 

9/21/2021 11:32 AM Pacific Time

Jungle Cruise has already been announced to be available that day

9/21/2021 11:29 AM Pacific Time

Chapek seemed to hint that Shang-Chi will be available to stream on Disney+ Day

9/21/2021 11:29 AM Pacific Time

He claims it will "surprise and delight"   it will also be an annual event

9/21/2021 11:28 AM Pacific Time

Chapek says the point of it will be the celebrate Disney+ and its fans... but doesn't really give any details

9/21/2021 11:27 AM Pacific Time

Now a question about Disney+ Day on Nov 12

9/21/2021 11:27 AM Pacific Time

He also notes that the cadence of content is important for preventing churn

9/21/2021 11:26 AM Pacific Time

Chapek points out that new content can make new Marvel/Star Wars/etc fans of people. For example, he talks about the success of Shang-Chi

9/21/2021 11:26 AM Pacific Time

Next question is about bringing new customers in - aren't all Star Wars, Marvel, and Disney fans already subscribing?

9/21/2021 11:25 AM Pacific Time

Summary: Chapek suggests analysts shouldn't put too much stock (no pun intended) in quarterly streaming sub numbers 

9/21/2021 11:23 AM Pacific Time

He says the studio (unclear exactly what he means by that) has 61 movies and 17 shows currently in developments 

9/21/2021 11:22 AM Pacific Time

Chapek points out that subscriber numbers are not linear. There is "noise"  but they are still optimistic about long term trends

9/21/2021 11:20 AM Pacific Time

Interesting note: there's no annual autorenewal for Hotstar+ in India

9/21/2021 11:19 AM Pacific Time

He says it's been a little slow but he expect it will ramp up quickly

9/21/2021 11:18 AM Pacific Time

Chapek says that the launch of Star+ has been successful despite the challenge of launching across multiple markets, currencies, etc

9/21/2021 11:18 AM Pacific Time

Chapek on Disney's streaming business - "We're in inning one of this thing" 

9/21/2021 11:16 AM Pacific Time

Chapek points out that it depends on the market but that they want to give customers the choice to go a la carte or bundle depending on their needs

9/21/2021 11:15 AM Pacific Time

Next question is about steaming and why they've gone with a multiple platform strategy vs Netflix's all in one

9/21/2021 11:15 AM Pacific Time

He says Genie will continue to be more robust as time goes on and will add new utilities 

9/21/2021 11:14 AM Pacific Time

Chapek points to the reservation system as being a success, allowing Disney to control demand and "mix of guests" (AKA paying day guests and Magic Key/APs)

9/21/2021 11:13 AM Pacific Time

Cruise demand in the second half of 2022 is above the first half

9/21/2021 11:11 AM Pacific Time

Chapek notes that Delta had some impact on demand (following the last earnings call) but demand has rebounded some since Labor Day

9/21/2021 11:10 AM Pacific Time

Next question is about Parks demand the Delta variant 

9/21/2021 11:09 AM Pacific Time

He also talks about using the time the Parks were closed to focus on the guest experience 

9/21/2021 11:08 AM Pacific Time

Chapek also notes the increased investment in content and their direct-to-consumer efforts

9/21/2021 11:08 AM Pacific Time

Asked how he thinks Disney is positioned emerging from the pandemic, Chapek naturally says he thinks the company is positioned well. He also emphasizes the company's storytelling

9/21/2021 11:07 AM Pacific Time

Here we go

9/21/2021 11:05 AM Pacific Time

Hello! Today's session is expected to begin around 11:05 a.m. PT. Stay tuned!

9/21/2021 10:52 AM Pacific Time